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As companies receive the new Purple Book from the FSA, Andrew Rosling of Theodore Goddard, London looks at the new regime for securities listing in the UK and assesses its likely implications

Right to receive customer deposits to be extended In September 1999, Finland's Ministry of Finance appointed a working group to assess, among other things, the need to amend the legislation concerning the right to receive customer deposits. The working group presented its preliminary findings in an interim report published in April 2000.

South Africa introduces capital gains tax Just when several countries are considering dismantling or reducing the impact of their capital gains tax legislation, South Africa's minister of finance has given notice in his annual budget speech of the intention to introduce the tax in South Africa. Capital gains tax will take effect from April 1 2001, and it is understood that the amending legislation will be available early in 2001. In the interim, the tax authorities have issued a guide relating to the tax and its application.

New legislation on international wire transfers By Act of January 9 2000, published on February 9 2000 and effective as from that date, Belgium implemented European directive no. 97/5/EC of January 27 1997 on international wire transfers.

The Japanese Securities and Exchange Surveillance Commission (SESC) revealed in May that Deutsche Bank had made illegal transactions through its Tokyo securities unit. The unit could face temporary suspension from trading bonds and bond futures.

Regulators in Singapore and the US have joined forces to crack down on fraud. The SEC and the Commodity Futures Trading Commission (CFTC) will both work with the Singapore Monetary Authority (MAS) on possible violations of securities and futures rules.

Project financiers are tiptoeing back into the Asia Pacific region. And law firms in the area are chasing after their coat-tails. The open-necked polo shirts of Latham & Watkins' west coast dealmakers were clashing recently with the pinstripes of Norton Rose's City gents when the two firms sat across the table to lawyer Eastern Power & Electric's development of the 350MW Bang Bo independent power project.

The creation of iX The London Stock Exchange and the Deutsche Börse announced on May 3 2000 that they would be merging through the creation of a new company – International Exchanges (iX). The merger aims to offer a unified trading platform using a common market model and regulatory approach – enabling easier trading in European equities.

New Commercial Companies Code to be enacted Effective January 2001, enactment of Poland's new Commercial Companies Code is expected. The bill introduces new regulations pertaining to, among other things, limited liability companies and joint stock companies — the two vehicles for foreign investments.

The SEC’s proposals on fair disclosure have fuelled discussions over the future relations between companies and the market. This month IFLR brings together leading voices in the debate to ask if Regulation FD really is fair